(ENGLEWOOD, Colo.) -- Liberty Media Corporation has announced that it has made a proposal to acquire Barnes & Noble Inc.
Liberty Media says it has proposed to acquire the bookseller at a price of $17 per share in cash. The proposal by Liberty Media contemplates that the acquisition would be in the form of a merger, with Liberty’s equity ownership expected to be about 70% of Barnes & Noble.
According to a Liberty press release, the company’s cash contribution towards the purchase price is expected to be in the range of $500 million.
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